Allianzgi Convertible Income Etf Price To Sales
| CBH Etf | USD 8.91 0.01 0.11% |
AllianzGI Convertible Income fundamentals help investors to digest information that contributes to AllianzGI Convertible's financial success or failures. It also enables traders to predict the movement of AllianzGI Etf. The fundamental analysis module provides a way to measure AllianzGI Convertible's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AllianzGI Convertible etf.
AllianzGI |
AllianzGI Convertible Income ETF Price To Sales Analysis
AllianzGI Convertible's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, AllianzGI Convertible Income has a Price To Sales of 0.0 times. This indicator is about the same for the Financial Services average (which is currently at 0.0) family and about the same as Asset Management (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
AllianzGI Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AllianzGI Convertible's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of AllianzGI Convertible could also be used in its relative valuation, which is a method of valuing AllianzGI Convertible by comparing valuation metrics of similar companies.AllianzGI Convertible is currently under evaluation in price to sales as compared to similar ETFs.
AllianzGI Fundamentals
| Shares Outstanding | 18.26 M | ||||
| Shares Owned By Institutions | 27.37 % | ||||
| Number Of Shares Shorted | 1.4 K | ||||
| Price To Earning | 6.39 X | ||||
| Short Ratio | 0.06 X | ||||
| Earnings Per Share | 1.37 X | ||||
| Market Capitalization | 135.47 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 1.06 % | ||||
| One Year Return | 6.86 % | ||||
| Three Year Return | 2.20 % | ||||
| Five Year Return | 5.29 % | ||||
| Last Dividend Paid | 0.55 |
About AllianzGI Convertible Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AllianzGI Convertible Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AllianzGI Convertible using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AllianzGI Convertible Income based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AllianzGI Convertible in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AllianzGI Convertible's short interest history, or implied volatility extrapolated from AllianzGI Convertible options trading.
Pair Trading with AllianzGI Convertible
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AllianzGI Convertible position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AllianzGI Convertible will appreciate offsetting losses from the drop in the long position's value.Moving together with AllianzGI Etf
| 0.61 | CIRC | JPMorgan | PairCorr |
Moving against AllianzGI Etf
| 0.66 | BITI | ProShares Trust | PairCorr |
| 0.56 | TSL | GraniteShares 125x Long | PairCorr |
| 0.54 | SMI | VanEck Vectors ETF | PairCorr |
The ability to find closely correlated positions to AllianzGI Convertible could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AllianzGI Convertible when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AllianzGI Convertible - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AllianzGI Convertible Income to buy it.
The correlation of AllianzGI Convertible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AllianzGI Convertible moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AllianzGI Convertible moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AllianzGI Convertible can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AllianzGI Convertible Piotroski F Score and AllianzGI Convertible Altman Z Score analysis. Note that the AllianzGI Convertible information on this page should be used as a complementary analysis to other AllianzGI Convertible's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of AllianzGI Convertible is measured differently than its book value, which is the value of AllianzGI that is recorded on the company's balance sheet. Investors also form their own opinion of AllianzGI Convertible's value that differs from its market value or its book value, called intrinsic value, which is AllianzGI Convertible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AllianzGI Convertible's market value can be influenced by many factors that don't directly affect AllianzGI Convertible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AllianzGI Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if AllianzGI Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AllianzGI Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.